Oct. 02, 2024
Toyota to Invest $500 Million in Joby Aviation
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- Signing ceremony
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- Ogawa, CEO, TMNA (left) and JoeBen Bevirt, founder and CEO, Joby Aviation (right)
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- Toyota and Joby logos
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- Signing ceremony
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- Joby Toyota flight
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Oct. 02, 2024
Toyota to Invest $500 Million in Joby Aviation
Toyota Motor Corporation (Toyota; NYSE: TM) and Joby Aviation, Inc. (Joby; NYSE: JOBY), a company developing electric air taxis for commercial passenger service, today announced that Toyota will invest an additional $500 million to support the certification and commercial production of Joby's electric air taxi, with the aim of realizing the two companies' shared vision of air mobility.